Inzisofteu Q1 Sales 4.7 Billion KRW... "Expecting Performance Improvement Based on Large-Scale Orders"

Artificial intelligence (AI)-based image data specialist company Inzisofteu announced on the 10th that its consolidated sales for the first quarter of this year amounted to 4.7 billion KRW, a 12.5% decrease compared to the same period last year. Operating loss for the same period turned to a deficit of 80 million KRW, but net profit recorded 2.2 billion KRW due to gains from financial product valuations resulting from efficient management of abundant cash assets.

The somewhat sluggish orders last year affected the first quarter results, leading to a decline in both scale and profitability. From the second quarter, it is expected that performance will rebound as large-scale contract volumes secured earlier this year are recognized as sales.

In March, Inzisofteu secured a 6.4 billion KRW contract from IBK System for the 'IBK Bank Document Management System Reconstruction' project. This is the largest single contract in the company's history and is expected to contribute to future performance improvement.

At the beginning of this year, Inzisofteu reorganized its structure by establishing three core business divisions: AI Business Division, QSVC (Q Service) Business Division, and Image Business Division, focusing on enhancing competitiveness. The company plans to make this year a foundation for growth by concentrating its capabilities on expanding sales and generating profits in its main businesses, including Q Service.

A company representative stated, "We are strengthening AI and cloud-based businesses to secure new growth engines centered on the financial sector," and added, "In the mid to long term, we expect to expand our business beyond the financial sector into non-financial sectors."

Meanwhile, Inzisofteu has maintained a high dividend policy annually since 2022, focusing on shareholder returns and enhancing shareholder value. In March, the company decided on a year-end dividend of 728 KRW per common share. The dividend yield based on the closing price in 2023 reached approximately 4.3%.

This content was produced with the assistance of AI translation services.